Identfy, as a solution for different purposes
The decentralised and self-managed digital identity model offers advantages in all areas of day-to-day life and provides added value for users and their customers. In addition to restoring autonomy and control of personal data, it meets security and privacy challenges, reduces costs, increases efficiency, promotes a positive customer experience, and facilitates simple daily transactions or operations.
Identfy is a product developed by Izertis in this field, that that allows the issuance and presentation of verifiable credentials associated with an autonomous and decentralised digital identity. It is based on the European ESSIF-compliant AlastriaID model and is EBSI Conformance, which can be deployed in different use cases as described below.
Online User Registration (Digital Onboarding)
Financial institutions are subject to SEPBLAC regulations, which establish procedures to identify customers who are not present. According to the approvals of 12th of February 2016 and 11th of May 2017, the reuse of information shared by another financial institution and the non-personal identification of the customer through video conferencing is now considered legal. While this represents a significant advance in terms of time and cost, the non-personal identification process is still complex and requires specific security mechanisms and approvals.
Thanks to Identfy, the use of verifiable IDs has the potential to reduce costs, increase competition and provide better customer service. For example, a customer who already has an account with an entity (obliged person) can issue verifiable IDs (ID card, selfie photo, etc.), which improves the digital login experience and reduces the dropout rate due to complex processes to capture images. (identity card, photograph, etc.)
Bank account ownership with digital identity
Customers of banking institutions often request confirmation of the account ownership before presenting the account to a third party. Currently, these confirmations are automatically issued in PDF format and are manually managed by the receiving users and institutions. The potential of the identity model for future developments is clearly visible in this use case. For example, when the subject is a company rather than an individual, especially a small business. It is common for the administration to require secure electronic confirmation of the IBAN (International Bank Account Number) of the business account for the payment of a public contract or grant.
The automatic and standardised verification of the authenticity and integrity of the document is beneficial for both the user and the organisation, as well as for the issuing bank, which could revoke the verification if the customer closes the account. In this case, a communication would be sent to the public administration to prevent payment of a closed account.
Receipt and issuance of vaccination certificates
Some attractive tests have now been identified that could be issued and accepted to support the necessary post-pandemic economic recovery, such as transit permits and vaccination cards.
Applying for a grant, aid, or public tender
In these cases, the applicant must prove that he/she has a specific academic qualification, as well as a minimum grade qualification average in the previous year or have passed all the credits registered. All these data are confirmed by a verifiable ID card or electronic attribute certificate according to eIDAS2. As foreseen by the eIDAS2 project, the user can provide these features if required, without the involvement of the issuer in the use of the card or even without being aware of the existence of the card.
Insurance certificates with digital identity
An insurance certificate is a document issued by an insurance company that generally indicates the existence of specific coverage for an asset or a person. Mortgaged homes should be supported by a compulsory home insurance. In addition, the expired insurance policy must include the transfer of rights to the bank in case of damage. If the customer does not want to take out such insurance with the bank granting the mortgage, he/she must present the insurance policy with all the coverage and the transfer of rights to the bank. Currently, the process is manual, complex, and different for each installation.
This insurance certificate can be converted into a verifiable credential that the clients can easily manage through their digital identity wallet with Identfy. This allows its submission to the financial institution and its automatic verification, improving the submission process and always ensuring the authenticity of the certificate, in particular, that it has not been altered. In addition, in case of cancellation of the insurance, the financial institution that received the card is automatically notified without the need for direct communication with the insurance company.
Rent a car with digital identity
An everyday example showing that the solution can be used for any type of procedure and guarantees efficiency as well as data privacy and security, could be the situation when we just need to share our verifiable credentials in order to know if we have our driving licence in order, without the need to share any other personal data.
Energy vulnerability with digital identity
Fuel poverty can be defined as a situation where a household needs to spend too much of the income on its household energy bill or cannot afford to pay for the energy required to meet the household needs. People in this situation receive more affordable prices and payment conditions from energy companies. Private and secure certification of this condition may help to handle this situation and avoid assisting people who fortunately no longer need this help.